Alhambra Hospitality for Sale - Western SGV

Value-Add Opportunity Under-optimized asset with potential to increase rents and improve NOI through better management Covered Land Play Includes ~6,000 SF vacant lot, creating additional upside beyond existing income Flexible Zoning (ALCPD) Allows for redevelopment, expansion, or alternative use strategies Prime Infill Location Positioned on Valley Blvd with strong visibility and access to the 710 Freeway Strong Demographics High-density area with ~$100K average household income within 1 mile Existing Income Stream 19-unit property including manager’s unit provides immediate cash flow Well-Maintained Asset Minimizes near-term CapEx and allows focus on value creation Multiple Exit Strategies Stabilize & refinance, reposition, redevelop, or sell as improved asset High Barrier-to-Entry Market Los Angeles infill location with limited new supply supports long-term appreciation

Property Subtype:

Hotel

Date on Market:

2026-03-28

Los Angeles Hospitality for Sale - Inglewood/South LA

A rare South Los Angeles value-add opportunity — two contiguous parcels totaling approx. 10,246 sq ft, improved with an 11-unit motel configuration (10 guest rooms plus a 2-bed/2-bath manager’s unit, 1,400 sq.ft.). The property is ready for redevelopment, repositioning, or adaptive reuse. Zoned C2-1VL, offering flexible pathways including motel operations, mixed-use, multifamily, micro-units, or supportive housing conversion (buyer to verify). Approx. 4,254 sq ft of existing improvements, 12 parking spaces, and excellent frontage along Figueroa St near the 110 Freeway. The sale includes APN:6075-033-028 and 6075-033-029. Property renovated in 2015. Approx. 8 miles from LAX airport, close to highway 105 & 110, shopping and restaurants. Strong demand drivers, dense surrounding population, and proximity to major employment hubs make this an attractive acquisition for investors, operators, and developers. Property sold as-is with no seller repairs or credits. Buyer to conduct their own due diligence regarding zoning, permits, and allowable uses. No financials will be provided.

Property Subtype:

Hotel

Date on Market:

2026-03-23

Los Angeles Hospitality for Sale - Inglewood/South LA

Exceptional Redevelopment Opportunity – LAC Zoned | Two Parcels | Prime Investment Potential Unlock the potential of this rare redevelopment opportunity in Los Angeles—a good affordable housing development play. This LAC-zoned property consists of two adjoining parcels totaling 9,597 SF, currently improved with a former motel featuring two single-story buildings, approximately 3,038 SF of existing structure, and 12 on-site parking spaces. The property presents a blank canvas for investors, developers, and visionaries seeking to reposition or redevelop in a high-demand market. With flexible LAC zoning and substantial lot size, the site offers significant upside potential for a variety of future uses (buyer to verify). The City of Los Angeles has issued an Order to Vacate and Secure, and land use privileges for motel operations have been revoked pending required clearances and permits from the LA Department of City Planning and LADBS. This is an opportunity to acquire a value-add asset priced for redevelopment — ideal for those ready to reimagine and revitalize. Buyer to conduct their own due diligence regarding zoning, permits, and redevelopment potential.

Property Subtype:

Hotel

Date on Market:

2026-02-24

Los Angeles Multifamily for Sale - Park Mile

1820 S. La Brea Avenue is a 6,261 square foot, fifteen-unit apartment building situated on a 5,802 square foot lot in Mid-City, just south of Venice Boulevard. The property offers immediate access to the I-10 Freeway and is centrally located near major Los Angeles employment hubs, retail corridors, dining, and entertainment. The building consists of fifteen studio units, thirteen of which have been recently renovated. Three units are in the process of being delivered vacant, providing additional flexibility for an investor. Nearly all tenants receive government-backed housing assistance, providing stable and reliable income. The property includes eight on-site parking spaces. Offered at a 9.20 GRM and 7.08% CAP rate, the asset provides strong in-place cash flow. Seismic retrofitting has been recently completed, minimizing near-term capital expenditure requirements. The property presents additional value-add potential, including a possible ADU opportunity and the potential for motel-use conversion (buyer to verify). This is a stabilized, income-generating asset located in a highly desirable rental submarket.

Property Subtype:

Apartment

Date on Market:

2026-02-20

Los Angeles Hospitality for Sale - Miracle Mile

currently vacant

Property Subtype:

Hotel

Date on Market:

2026-02-12

Sherman Oaks Multifamily for Sale

Property website with OM: https://properties.berkadia.com/13558-moorpark-apartments-489058/ We are excited to exclusively offer for sale, 13558 Moorpark Street, a 10-unit apartment community in a prime Sherman Oaks location, walking distance to Ventura Boulevard. The courtyard-style community features a beautifully renovated, contemporary exterior and renovated one-, two-, and three-bedroom apartments (7 out of 10). Units are bright with oversized windows, wood-style plank flooring, kitchens with quartz counters and stainless-steel appliances and a separate dining area. The community has on-site laundry, 11 gated side-by-side parking spaces and a quiet interior courtyard. Built in 1963, the property offers rental upside: 4.8% current cap; 6.4% market cap. The SB-721 elevated element inspection was completed May 2024 (no emergency work required). The incredible Sherman Oaks location is walking distance to Ventura Boulevard, the main shopping and dining hub of the valley, as well as Dixie Canyon Community Charter School (A- on Niche.com). The property is also minutes from Westfield Fashion Square, The Shops at Sportsmen’s Lodge, and Sherman Oaks Galleria. Strong area demographics include: Average household income of over $192.1k and Average home value of over $1.82M (one-mile radius).

Property Subtype:

Apartment

Date on Market:

2026-01-20

Los Angeles Specialty for Sale - Koreatown

This two-story 5,280 SF religious facility sits on a 0.13-acre lot in the Pico-Union neighborhood, featuring 1924 construction with a 2019 renovation and LAM1 zoning. The property offers adaptive-reuse potential with multiple parcel numbers and solid underlying land value.

Property Subtype:

Religious Facility

Date on Market:

2026-01-15

Los Angeles Hospitality for Sale - Koreatown

Kotai Realty is pleased to present this investment opportunity at 611 S Westlake Ave Los Angeles CA 90057 Business and real estate together. Owner is retiring from the business. There is still 11 years of franchise contract remains with Holiday Inn Express, which is owned by InterContinental Hotels Group (IHG). This hotel is operating in its full capacity. It made approximately gross 3.9 million (2025) 3.96 million (2023) 3.94 million (2022). Their average daily rate is approximately $180, occupancy rate is approximately 80%.

Property Subtype:

Hotel

Date on Market:

2026-01-12

Los Angeles Land for Sale - Hollywood

Presented for sale is one of those rare Prime Development Sites in the epicenter of Hollywood… though not so rare that it can potentially be bundled with the lot to the north (owned and listed by separate parties). Located across from the Capitol Records Building and steps to the Walk of Fame, 1750 N. Argyle Ave. is about a five minute stroll to Hollywood & Vine, the Metro Subway Station, an absurd number of restaurants and nightlife destinations, the Pantages Theatre, the Hollywood Bowl, Sunset Gower Studios, the Palladium, Trader Joe’s…we could go on and on, the location is practically unmatched! The 34,320 SF Lot is zoned C2-2D-SN-CPIO, with Tier 4 TOC and Tier 3 TOIA. The property falls under the Regional Center Commercial designation in the General Plan, making it perfect for Mixed Use, Mixed Income, or focus on 100% Affordable Housing. Being within 1/4 mile of Metro heavy rail, the property has further potential with SB79. There is no RSO to worry about, the land benefits from a Moderate TCAC level (not QCT or DDA) and sits within an Opportunity Zone. No relocation hassles, no Ellis! The Seller has very basic conceptual plans for 148 units on a five story design with one level of subterranean parking (that would occupy half the lot) consisting of 100 studios, 29 one beds and 19 two beds. The property previously housed the Little Church of Hollywood, that burned down in 2007 — the Office of Historical Resources has stated that they are willing to approve at least a 50% ground coverage project to replace the once-historical property, with the remainder being dedicated to a (private) park as a treasured amenity for your future tenants - a quiet oasis in the middle of it all. The Seller will consider offers with periods of up to one year in length for entitlements, so long as the contingency period is short and other terms are agreeable. The Seller has a Fault Line Clearance in hand! Utilize the Sign District designation to join the Times Square of the West Coast! It is time to bring a new life to this part of Hollywood!

Property Subtype:

Commercial

Date on Market:

2026-01-06

Los Angeles Hospitality for Sale - Koreatown

This 40 units motel is located within the R-2 neighborhood conveniently located behind Vermont Avenue. This neighborhood has been using this motel since 1986. Before the COVID crisis the hotel was doing occupancy rate of 180% per year.

Property Subtype:

Hotel

Date on Market:

2025-12-31

El Monte Land for Sale - Western SGV

Great location close the the 605 Fwy, 10 Fwy, 60 Fwy, and Downtown Los Angeles. This 45,940 square foot lot of vacant land is READY TO BUILD ninety-room Holiday Inn Express Hotel plan. This will be a three story building with approximate area of 45,539 square feet, please see attached Blue Print.

Property Subtype:

Industrial

Date on Market:

2025-12-29

Los Angeles Hospitality for Sale - Inglewood/South LA

OPEN HOUSE - BECAUSE OF REQUESTS TO VIEW THE INTERIOR OF THE PROPERTY, AN OPEN HOUSE IS SCHEDULED FOR FRIDAY, APRIL 1, 2026 FROM 11 AM TO 12 PM. PLEASE ADVISE IF YOU ARE INTERESTED IN BEING PRESENT. NOTE, ALL BUYERS MUST ADVISE PRIOR TO THE SHOWING WHERE THE FUNDS TO CLOSE ESCROW WILL COME FROM SELLER IS COMMITTED TO SELLING THE PROPERTY AND WILL REVIEW OFFERS FROM QUALIFIED/VETTED BUYERS (EVIDENCE OF FINANCES SHOWN TO SELLER WITH OFFER).. The Story: Initially, the New Bay Motel, the City of Los Angeles forced the Seller to close as a Motel in late 2024. All signage was removed. A nonprofit leased the hotel and made conversions to accommodate its desire for permanent residency. Several upgrades were made to the interior and electrical system. Unfortunately, the nonprofit, after paying over $200,000 in lease payments and upgrading the property for its intended use, lost its funding and was forced to vacate the property. Now vacant, the Property is now exclusively listed for sale. Changes and Current Interiors Per ZIMAS in 2023, the New Bay Hotel consisted of 21 rooms and 21 bathrooms. The tenant converted the property to what it now is – 7 large rooms with 1 dedicated community bathroom/shower area on the ground floor comprised of 6 individual shower areas. 6 sinks and 6 toilet stalls (please see photos). Much was spent by the tenant to convert the property with the promise that at the end of the lease, the Property would be reverted back to its original 21 rooms. The tenant has declared bankruptcy and is not able to do as promised. Each room was remodeled with wood vinyl floors and attractive paint. None of the 7 individual rooms has a restroom Protection of Investment: To protect the property, the Seller has installed exterior perimeter gates and has hired a security guard during the evenings.

Property Subtype:

Hotel

Date on Market:

2025-12-22

Los Angeles Land for Sale - Hawthorne/Gardena

Kingside Investment Group is proud to present a development offering consisting of two adjacent parcels located at 503 W. Athens Boulevard (90044) and 12127 S. Figueroa Street (90061) in South Los Angeles. Together, the sites total 27,206 square feet of R3-1 zoned land with 4,753 square feet of existing improvements, making this a compelling redevelopment or long-term hold opportunity. The building in the rear of the parcel is a 5 unit apartment building consisting of two (2) 1-bed/1-bath units and three (3) 2-bed/1-bath units. Per zimas the units are not subject to rent control but the buyer will have to verify this fact. In the front of this building there is also a garage space that was converted to a motel office that could be a great play for an ADU. The units are not habitable in present condition but can be restored if needed. The front building is an old motel. This structure has no fixtures in it and has been vacant for many years. This likely is a tear down which makes this a unique opportunity to renovate a few units in the back and build a new structure in the front. The combined purchase price is $1,199,000, reflecting a blended land basis of approximately $44.16 per square foot. Both parcels are ED1-eligible sites, offering the potential for an expedited entitlement and approval process, which can significantly reduce development timelines and execution risk. With R3-1 zoning, minimal improvement value, and strong assembly fundamentals, the property is well positioned for a multifamily or affordable housing development. For the construction inclined buyer it could also be a reuse of the existing structure.

Property Subtype:

Residential

Date on Market:

2025-12-15

Santa Monica Multifamily for Sale

Built in 1947, 2338 Ocean Park Blvd consists of a ±3,700 SF structure situated on a combined ±13,976 SF site, comprised of two contiguous parcels—including a ±6,995 SF main lot and a separate ±6,981 SF dedicated parking lot. Located in the heart of Santa Monica, the property presents a compelling redevelopment opportunity zoned R3. The site is currently improved with a fully vacant 21-room motel, allowing a developer to pursue entitlements immediately without tenant relocation, buyouts, or operational delays. With the potential application of density bonus provisions, the site may support up to 23 residential units (buyer to verify). The property benefits from excellent visibility near a signalized intersection and strong traffic counts, enhancing its appeal for future development.

Property Subtype:

Apartment

Date on Market:

2025-12-04

Studio City Retail for Sale - Studio/Universal Cities

Pegasus Investments Real Estate Advisory is pleased to offer the extremely rare opportunity to acquire a fully leased, 4,218-square-foot flagship medical retail property along Ventura Boulevard in Studio City, California, one of Los Angeles’ most dynamic and tightly held retail corridors (the “Property”). The Property is leased to Cedars-Sinai, an investment-grade credit tenant with approximately $8 billion in annual revenue, under a 10-year lease (7 Years Remaining) featuring 3% annual rent increases and a Fair Market Value reset option, providing investors with inflation-protected cash flow and long-term rent growth potential. Cedars-Sinai’s substantial $2 million tenant improvement investment in 2023 underscores its commitment to this location and its strategic importance within the organization’s expanding Los Angeles County footprint. Cedars-Sinai occupies the space in partnership with Tia, a rapidly growing women’s healthcare platform that operates 11 national clinics (six in Los Angeles County) and has aligned with major health systems such as CommonSpirit Health and UCSF Health. The Cedars-Sinai x Tia partnership has already served over 100,000 women in Southern California, expanding access to integrated women’s healthcare and establishing this site as a cornerstone of Cedars-Sinai’s next-generation medical strategy. The combination of credit tenancy, essential healthcare use, and modern buildout offers investors a durable, mission-driven tenant with long-term operational stability. Strategically positioned between Laurel Canyon and Coldwater Canyon, the Property enjoys prime Ventura Boulevard frontage along a 93-walk-score corridor with over 45,000 vehicles per day. The surrounding trade area features over 150 retailers and 600+ public parking spaces, including national brands such as Lululemon, Sephora, Warby Parker, Urban Outfitters, Trader Joe’s, and Free People, alongside popular local dining destinations like Granville, Mendocino Farms, and Art’s Deli. The Property also benefits from its location between two major retail and entertainment anchors, The Shops at Sportsmen’s Lodge, anchored by Erewhon and Equinox, and CBS’s Radford Studio Center, currently undergoing a $1 billion redevelopment. Within a short drive are Universal Studios Hollywood, Warner Bros. Studios, and Westfield Fashion Square, adding to the area’s enduring retail and visitor traffic. The Property is located in one of Los Angeles’ most affluent submarkets, with nearly 200,000 residents living within a three-mile radius and average household incomes exceeding $120,000. Two-thirds of nearby households consist of families, and 57% of the population identifies as female, directly aligning with the tenant’s women’s health mission. Surrounded by elite private schools such as Harvard-Westlake, Campbell Hall, and The Buckley School, the Property benefits from daily visitation by families and professionals who drive consistent retail and medical demand. With its credit tenancy, prime infill location, irreplaceable positioning, and proven rent growth corridor, this offering presents investors with a rare opportunity to acquire a best-in-class, long-term leased medical retail asset in the heart of Studio City.

Property Subtype:

Storefront

Date on Market:

2025-11-24

Palmdale Land for Sale - Antelope Valley

FOR SALE — Prime Medical/Commercial Development Site APN: 3003-080-020 | Size: ±7.95 AC (±346,302 SF) | Zoning: PDM (Palmdale) | Asking: $5,195,000 Property Overview NW corner of Avenue Q & 5th Street West, Palmdale, CA 93551. Highly visible, signalized hard corner minutes from SR-14, surrounded by major retailers and within the Palmdale medical/commerce district influence area. Highlights • Signalized, high-visibility hard corner along Avenue Q (major east–west arterial). • Near Palmdale Regional Medical Center and dense retail (Walmart, Sam’s Club, Lowe’s, hotels, dining). • Concept viability: prior public pre-application (2024) referenced ±114,000 SF medical/office/retail on this APN (buyer to verify with City). • Ideal for medical/professional campus with ancillary retail pads. • Large ±7.95-acre site enabling multi-building phasing and generous parking ratios. Parcel Facts • Los Angeles County APN 3003-080-020; ±7.95 acres (±346,302 SF). • Legal/record maps available from LA County Assessor; buyer to verify. • Utilities reported in area (power, water, telecom) — buyer to verify service laterals and capacities. Zoning & Uses (Summary) Zoning: PDM — Palmdale Development Mix (confirm with City of Palmdale Planning). Logical fits include medical/professional offices, ambulatory/clinic uses, and supporting retail/food, subject to entitlements, site plan review, design standards, and parking ratios. Buyer to verify. Traffic & Access • Avenue Q: planned/active east–west corridor; local ADT available via City traffic data. • SR-14: regional freeway access; AADT published by Caltrans near Palmdale interchanges. • Signalized corner with multiple approach lanes (buyer to confirm current striping/signals). Asking Price $5,195,000 (~$502,000/acre; ~$11.50/SF). Broker Liberty Business Advisors Houmehr "Mike" Panoussi (DRE #01853627) 16200 Ventura Blvd., Suite 319, Encino, CA 91436 Cell: 661-816-1141 | e-fax: 877-661-0777 | panoussi.Lba@gmail.com Palmdale Office: 530 Commerce Ave, Unit D, Palmdale, CA 93551 Disclaimer: Information deemed reliable but not guaranteed. Buyer to independently verify all data, zoning/uses, utilities, traffic counts, and entitlements before closing.

Property Subtype:

Commercial

Date on Market:

2025-10-27

Los Angeles Hospitality for Sale - Hollywood

Hollywood Iconic Mixed-Use Investment Opportunity Situated in close proximity to the Hollywood Boulevard Walk of Fame, this exceptional property is located on one of Hollywood’s most dynamic blocks, surrounded by multi-million-dollar developments and premier destinations. This is a rare development and income-generating opportunity for a discerning investor. Zoning: one of Hollywood’s most desirable and flexible commercial zones, permitting a broad range of retail, hospitality, entertainment, and mixed-use development. Property Highlights: Ground Floor Tenancy: The first floor houses two active businesses — The Hotel Cafe and The Burgundy Room — totaling 8,250 sq ft, including an outdoor patio and alleyway space dedicated for The Hotel Cafe. Historic Cultural Anchors: Home to The Hotel Cafe, a highly influential indie music venue recognized by the Grammys in 2021 as a significant performance space in Los Angeles. Neighborhood Landmarks: The Burgundy Room is one of Hollywood’s longest-standing bars. Hospitality Component: Upstairs, West Inn Hotel operates 21 rooms — 10 with en suite bathrooms, and 11 sharing 2 hall bathrooms — providing established revenue. Immediate Cash Flow with Upside: Fully leased at delivery, this property starts generating income from day one. With leases expiring between December 2025 and February 2026, the new owner has a prime opportunity to renegotiate and maximize rental rates. Strategic Location: In close proximity to the Hollywood/Vine Metro Station, Pantages Theater, Sunset & Gower Studios, Capitol Records, Hollywood Palladium, and Hollywood Bowl. Positioned on a block that blends historic character with contemporary Hollywood energy — a highly visible corridor for entertainment, nightlife, and tourism. Opportunity Summary: This property represents a unique combination of cultural significance and commercial potential, offering both established income streams and future redevelopment possibilities. Ideal for investors, developers, or visionaries seeking a high-profile asset in a globally recognized location. Disclaimer: The information in this description is for general informational purposes only and is deemed reliable but not guaranteed. Prospective buyers should independently verify all material facts, including zoning, square footage, tenancy, and building condition. The seller and its agents make no representations or warranties, express or implied, regarding accuracy, completeness, or future performance. Details in this listing may change, and the property may be sold, modified, or withdrawn at any time without notice.

Property Subtype:

Hotel

Date on Market:

2025-10-20

Calabasas Retail for Sale - Santa Monica Mountains

A rare opportunity to own a piece of Southern California’s old west history is now accepting an offer for purchase for only the third time in over 120 years. Part roadhouse, Pony Express stop, hunting lodge, European auberge, a watering hole for oil derrick workers and cowboys, Michelin chef restaurant and perhaps even the whisper of a bordello, Saddle Peak Lodge has been many things to many people in its long history. For 100 years (some say even more) Saddle Peak Lodge has been a place of enchantment, romance and great dining for generations of those who seek a unique experience. Initially established back in 1914 as a part of the then Crater Camp (now a part of the Malibu Creek State Park) as a year-round picnic grounds, evolving into a summer resort with rustic cabins, fishing camps and other recreational activities.

Property Subtype:

Restaurant

Date on Market:

2025-08-14

Inglewood Land for Sale - LAX

Property Subtype:

Commercial

Date on Market:

2025-06-12

Los Angeles Land for Sale - Studio/Universal Cities

Among the irreplaceable assets of the world, Hollywood Mountain is a 7.3-acre private promontory perched majestically above Los Angeles. Above it all, Hollywood Mountain offers breathtaking views encompassing the entirety of Los Angeles, from the Pacific Ocean to the Hollywood Sign. This panoramic sightline is widely acclaimed as the absolute best view offered by any property in the City of Angels. At Hollywood Mountain’s apex stands the 20,432 square-foot Japanese Temple Villa, adorned with Japanese gardens and an open-air courtyard, which is currently home to the world-famous Yamashiro restaurant. Its unique architecture hearkens back to its construction in 1914, boasting a history as rich and storied as Hollywood itself. As a haven for the industry elites of Hollywood’s Golden Age, the estate played host to legendary gatherings by the likes of Charlie Chaplin and Marilyn Monroe. The villa has since become a sought-after filming location, gracing the screens in over 100 Hollywood productions, including iconic scenes in Quentin Tarantino’s Kill Bill and Rob Marshall’s Memoirs of a Geisha. The story of the Hollywood Mountain is far from finished, presenting abundant opportunities for potential reinvention or expansion. The concentric terraced gardens surrounding the centerpiece villa offer extraordinary potential for new development, ranging from mixed-use spaces, single-family compound, resort or even art foundation gallery/museum space. Positioned with exceptionally convenient access to Hollywood, Beverly Hills, Downtown LA, and the beach cities, the Hollywood Mountain is at the geographic heart of Los Angeles. The Hollywood Mountain presents a rare opportunity to own both a piece of history and endless potential for the future.

Property Subtype:

Commercial

Date on Market:

2024-07-26

Los Angeles Land for Sale - Inglewood/South LA

This offers a rare opportunity to acquire a substantial residential lot in the West Adams-Baldwin Hills-Leimert community of Los Angeles. Zoned R1-1 for low-density residential use, the property is well-suited for single-family development in a desirable hillside setting. Located within Council District 10, the site benefits from proximity to major Los Angeles neighborhoods, employment centers, and transportation corridors. With its expansive size and established residential surroundings, this parcel provides an excellent canvas for a custom home or future development project. The property is situated in a medium residential market area and falls under the jurisdiction of the South Los Angeles Area Planning Commission. This is an exceptional chance to secure a large tract of land in a growing and well-connected part of the city.

Property Subtype:

Residential

Date on Market:

2024-02-21

Inglewood Land for Sale - Inglewood/South LA

Reason for Selling: The seller has substantial capital resources and is not interested in personally managing a ground-up development project. Rather than spend time overseeing entitlements and construction, the seller prefers to let another experienced developer take the lead. This off-market offering presents a rare chance to acquire a prime site near SoFi Stadium and Intuit Dome with strong long-term potential, ideal for a buyer ready to move forward and capitalize on the location’s momentum.

Property Subtype:

Commercial

Date on Market:

2023-08-21

Studio City Retail for Sale - Studio/Universal Cities

illi Commercial Real Estate is pleased to offer for sale 12616 Ventura Blvd., a multi-tenant retail/office investment on the infamous Ventura Boulevard, located within Studio City. Existing restaurants and offices currently make up the approximately 5,776-square-foot property. With reliable tenants on the heavily trafficked Ventura Boulevard, the asset offers an investor an excellent opportunity to purchase a long-term stable investment with room for an owner-user. The asset is located near national retailers, such as Staples, Bed Bath & Beyond, Ralphs, Equinox, and many more. Some key property features include exclusive parking, irreplaceable pole signage, 15 parking spaces, a new roof, and a recent 2021 remodel of the asset.

Property Subtype:

Restaurant

Date on Market:

2022-11-01

Los Angeles Hospitality for Sale - Marina Del Rey/Venice

https://www.youtube.com/watch?v=yWX9wNQNh9c Seller Financing Available PropertyWork Group of Coldwell Banker, as an exclusive agent, is pleased to present the opportunity to acquire 11736 & 11740 Washington Blvd Los Angeles CA 90066. The subject property includes 16 Room Motel Villa Brazil, highly profitable 5 star reviewed restaurant Cafe Brazil and 2 apartment units situated on approximately 15,840 square feet of land just south of Downtown Culver City and north of Venice and Marina Del Rey. With Apple, Amazon, Google, Facebook and HBO all opening major new office & studio locations Culver City is set to become the next Silicon Valley and new mecha of content factory making this one of the strongest rental markets throughout Los Angeles. About 25% of current Culver City’s population will increase due to the large influx of tech giants and media and gaming companies. Villa Brazil and Cafe Brazil are owned and operated by the seller. 3 year (2016,2017,2018) average revenue for Cafe Brazil was approximately $1,271,626, 3 year (2016,2017,2018) average revenue for Villa Brazil was approximately $365,581, total sum of approximately $1,637,207 annual revenue. Experienced operators have a unique opportunity to acquire a seasoned and successful motel location with positive operating history and lots of upside potential. 11740 & 11736 Washington Boulevard is ideally located on 15,840 square feet of land with a mixed zoning of CCC3YY and R3-1. Of the total 15,840 of land, approximately 11,312 square feet is zoned CCC3YY and 4,528 square feet is zoned R3-1. Subject property benefits from large 103.89 feet of frontage along Washington Blvd "By-right", a developer can build by right 15 residential units, 3 retail units and through the utilization of the State Density Bonus, providing 11% affordable (VLI) to receive two incentives: Floor Area Ratio and 20% decrease in any individual required set back, you can build up to 25 residential units and 3 retail units. Savvy developers can also use Culver City community benefit program to increase the ratio of by right units from 35 units per Acre to 50 units per Acre to maximize unit count for this project.

Property Subtype:

Hotel

Date on Market:

2020-07-20